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How Nestle Makes Billions Bottling Free Water | Direct From With Dena Takruri – AJ+

April 21, 2019
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How Nestle Makes Billions Bottling Free Water | Direct From With Dena Takruri – AJ+

Nestle, the world’s largest food and beverage company, bottles Michigan’s water for next to nothing and sells it at great profit. And the state has just approved its request to pump even more, despite the failed promise of jobs and 80,000 public comments against Nestle. Meanwhile, just two hours away, Flint still doesn’t have clean water. AJ+’s Dena Takruri meets those who have a stake in this fight, including local environmentalists, a tribal citizen, ordinary residents and a Nestle spokeswoman.

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Nestle S.A. (/ˈnɛslliəl/, formerly /-əlz/French: [nɛsle]) is a Swiss multinational food and drink company headquartered in VeveyVaud, Switzerland. It is the largest food company in the world, measured by revenues and other metrics, since 2014.[3][4][5][6][7] It ranked No. 64 on the Fortune Global 500 in 2017[8] and No. 33 on the 2016 edition of the Forbes Global 2000 list of largest public companies.[9]

Nestlé’s products include baby foodmedical food, bottled water, breakfast cereals, coffee and tea, confectionery, dairy products, ice cream, frozen food, pet foods, and snacks. Twenty-nine of Nestlé’s brands have annual sales of over CHF1 billion (about US$1.1 billion),[10] including NespressoNescaféKit KatSmartiesNesquikStouffer’sVittel, and Maggi. Nestlé has 447 factories, operates in 189 countries, and employs around 339,000 people.[11] It is one of the main shareholders of L’Oreal, the world’s largest cosmetics company.[12]

Nestlé was formed in 1905 by the merger of the Anglo-Swiss Milk Company, established in 1866 by brothers George and Charles Page, and Farine Lactée Henri Nestlé, founded in 1866 by Henri Nestlé.[13] The company grew significantly during the First World War and again following the Second World War, expanding its offerings beyond its early condensed milk and infant formula products. The company has made a number of corporate acquisitions, including Crosse & Blackwell in 1950, Findus in 1963, Libby’s in 1971, Rowntree Mackintosh in 1988, Klim in 1998, and Gerber in 2007.

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